Cash for content

Netflix announces price increase for all subscription plans

Netflix plans to increase their monthly subscription prices by a couple dollars a month, which affects many students who use streaming services as their primary source of television. Photo by: Megell Strayhorn | Multimedia Editor

Netflix users should expect to see higher numbers on their monthly bills.

According to CNN, Netflix has announced that prices will increase for all subscription plans. The basic plan will increase from $7.99 to $8.99, the standard plan will increase from $10.99 to $12.99 and the premium plan will increase from $13.99 to $15.99.

“I think they can do it because they’ve been killing it and so many people are using it. They’ve got to pay for all the space to store all that stuff and the rights to have a lot of that stuff, so I feel like $10 a month was cheap to begin with,” Ferris graphic design freshman Nathan Nye said. “That’s dirt cheap for all you’re getting.”

The Netflix website states that the differences between the plan options include the number of devices users can stream titles on at once, the number of devices users can download titles to and standard versus high-quality definition.

“I mean, I guess Netflix has almost a huge cult following in which people would probably be okay spending an extra dollar or two just because of how popular and mainstream Netflix is in itself,” Ferris physical therapy senior Logan Hunt said.

In a statement published by CNN, Netflix Chief Content Officer Ted Sarandos said that there is a balance between price and content.

“It’s about providing enough value to the customer that they see it as a good value relative to usage and what it costs. If they’re enjoying hours and hours of programming and a lot of shows, and we’re meeting the need, they’ll think it’s of great value,” Sarandos said.

An article published by USA Today said that Netflix is raising prices to fund its push for original programming, including movies and shows such as “Bird Box” and “13 Reasons Why.”

The article said this is the fourth time Netflix has increased its prices in the United States. Existing subscribers can expect to see the change over the next three months as of Jan. 15.

Hunt said that Netflix could argue raising prices due to original content, but the amount of original material they have released can be overwhelming.

“They’re coming out with more quantity rather than quality, I feel like. They’re spitting out a ton of them, which is cool because you can’t get them anywhere else, which I appreciate, but at the same time I feel like it’s almost overwhelming the amount that they come out with,” Hunt said.